Fair Presentation definition

Fair Presentation means the statutory duty upon the Insured to provide a fair presentation of the risk, more particularly described in Part 2 of the Insurance Act 2015.
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Fair Presentation means disclosure of every material circumstance which, following a reasonable search, the Insured (including its senior management and those responsible for arranging this Policy on its behalf) knows or ought to know. Such disclosure is to be in a manner which would be reasonably clear and accessible to a prudent insurer and in which every material representation as to a matter of fact is substantially correct, and every material representation as to a matter of expectation or belief is made in good faith.
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Fair Presentation means disclosure of every material circumstances which the Insured knows or ought to know, or which gives the Insurer sufficient information to put a prudent insurer on notice that it needs to make further enquiries for the purpose of revealing those material circumstances. Such disclosure is to be in a manner which would be reasonably clear and accessible to a prudent insurer and in which every material representation as to a matter of fact is substantially correct and every material representation as to a matter of expectation or belief is made in good faith.
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Examples of Fair Presentation in a sentence

  • Please see section headed Notification of Changes and Alterations which also outlines your duties of care with regards to Disclosure and Fair Presentation.

  • Please ensure that you contact your insurance adviser, or us, (as appropriate) as soon as reasonably possible if you think that there are amendments to be made or new circumstances that would affect your insurance as stated in General Condition 7 (Duty of Fair Presentation) for more details.

  • The Duty of Fair Presentation of the Risk In deciding to accept this insurance and in setting the terms and premium, We have relied on information You have provided.

  • Fair Presentation of the Risk as against the Insured, if the failure to make a fair presentation of the risk concerns only facts or information which relate to a particular Insured Person.

  • Fair Presentation of RiskYou and anyone representing you have a Duty to provide a fair presentation of the risk.

  • If the partner, director or employee concerned or the Insured on their behalf makes a careless misrepresentation of facts, the Insurer may invoke the remedies available to it under Policy Condition 2 (Fair Presentation of the Risk) as against that partner, director or employee only, as if a separate insurance contract had been issued to such person, leaving the remainder of the Policy unaffected.

  • If a claim is made under Cover C of this Section, the Insurer will not invoke the remedies which might otherwise have been available to it under Policy Condition 15 (Fair Presentation of the Risk) as against the Insured, if the failure to make a fair presentation of the risk concerns only facts or information which relate to a particular partner, director or employee.

  • If a claim is made under Cover 3 of this Section, the Insurer will not invoke the remedies which might otherwise have been available to it under Policy Condition 2 (Fair Presentation of the Risk) as against the Insured, if the failure to make a fair presentation of the risk concerns only facts or information which relate to a particular partner, director or employee.

  • FAILURE TO ANSWER QUESTIONS HONESTLY AND REASONABLY, WHEN ASKED, MAY LEAVE YOU WITH NO COVER AND A CLAIM NOT PAID WARNING – COMMERCIAL CUSTOMERS (WHERE THE PURPOSE OF THE CONTRACT OF INSURANCE IS RELATED TO THE COSTOMER’S TRADE, BUSINESS OR PROFESSION) Duty to Make a Fair Presentation The Insurance Act 2015 places a requirement upon you to make a ‘Fair Presentation’ of your risk.

  • Commercially available “Science Fair Presentation Boards” are encouraged.


More Definitions of Fair Presentation

Fair Presentation means a presentation that:
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Related to Fair Presentation

  • Lender Presentation means the Lender Presentation dated July 12, 2016, relating to the Credit Facilities and the Transactions.

  • Responsive and Responsible Bidder means an entity or individual that has submitted a bid that conforms in all material respects to the Invitation to Bid and has the capability in all respects to fully perform the contract requirements and the integrity and reliability that will assure good faith performance. “Responsive and Responsible Vendor” means an entity or individual that has submitted a proposal, reply, or response that conforms in all material respects to the Request for Proposals, Invitation to Negotiate, or Competitive Solicitation and has the capability in all respects to fully perform the contract requirements and the integrity and reliability that will assure good faith performance. In determining whether an entity or individual is a Responsive and Responsible Bidder (or Vendor), the District may consider, in addition to factors described in the Invitation to Bid, Request for Proposals, Invitation to Negotiate, or Competitive Solicitation, the following:

  • Representation Date shall have the meaning ascribed to such term in Section 4(k).

  • Representation means any representation as to fact or law, including a representation as to the state of mind of—

  • Tax Representations Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is accurate and true.